PayPal to Offer 3.7% Yield on PYUSD Stablecoin
- PayPal plans to offer a 3.7% annual yield on its stablecoin, PayPal USD (PYUSD).
- The program is expected to launch in the summer, with no specific date provided.
- Rewards will accrue daily and be paid monthly in PYUSD.
- Users can convert rewards to fiat currency, use them for payments, or transfer them.
- PYUSD was launched in collaboration with Paxos and is backed by US dollar deposits.
PayPal aims to boost the usage of its stablecoin PYUSD by offering a 3.7% annual yield, with rewards paid out monthly. This initiative is part of their long-term strategy to enhance payment systems using stablecoins.
Source (2.6)https://dailyhodl.com/2025/04/23/paypal-to-begin-offering-yield-on-pyusd-to-boost-stablecoin-use-report/?rand=59076
